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Emcore CorporationNasdaqCM:EMKR Stok Raporu

Piyasa Değeri US$28.1m
Hisse Fiyatı
n/a
US$3.1
yokiçsel indirim
1Y-26.7%
7D0.8%
1D
Portföy Değeri
​
Görünüm

Emcore Corporation

NasdaqCM:EMKR Stok Raporu

Piyasa değeri: US$28.1m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Emcore (EMKR) Hisse Özeti

Emcore Corporation, iştirakleriyle birlikte Amerika Birleşik Devletleri, Kanada, Asya, Avrupa ve uluslararası alanda fiber optik cayro, halka lazer cayro ve kuvars mikro-elektromekanik sistem atalet sensörleri ve sistemleri tasarlamakta ve üretmektedir. Daha fazla detay

Risk Analizi

Kazançlar son 5 yılda yılda 28.9% oranında azaldı

Anlamlı bir piyasa değeri yok ( $28M )

Hissedarlar geçen yıl sulandırıldı


EMKR Community Fair Values

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Emcore Corporation Rakipler

Fiyat Geçmişi ve Performans

Hisse fiyatlarındaki yükseliş, düşüş ve değişimlerin özeti Emcore
Tarihsel hisse senedi fiyatları
Güncel Hisse FiyatıUS$3.10
52 Haftanın En Yüksek SeviyesiUS$4.60
52 Haftanın En Düşük SeviyesiUS$0.78
Beta1.72
1 Aylık Değişim1.14%
3 Aylık Değişim3.86%
1 Yıllık Değişim-26.69%
3 Yıllık Değişim-91.57%
5 Yıllık Değişim-87.52%
Halka arzdan bu yana değişim-98.50%

Son Haberler & Güncellemeler

Recent updates

Analiz Makalesi • May 12

Bearish: Analysts Just Cut Their EMCORE Corporation (NASDAQ:EMKR) Revenue and EPS estimates

The latest analyst coverage could presage a bad day for EMCORE Corporation ( NASDAQ:EMKR ), with the analysts making...
Seeking Alpha • Jul 15

Emcore Corporation: It Is Darkest Before Dawn

EMKR has lost more than half of its value YTD, but the charts suggest the stock has hit bottom, and the worst is over. The inventory problem made its presence felt in a big way in Q2, but EMKR's numbers should get better over time as it is a problem that can heal itself. EMKR is arguably undervalued, especially since the company is unlikely to be held down by current problems in the long run. Don’t expect any quick rewards as wounds need time to heal, but long EMKR is worth it for the long haul. EMCORE Corporation (EMKR) is in a hole. The inventory issue revealed earlier in the year has started to negatively impact earnings in a big way, putting EMKR firmly in the red. The stock itself has lost over half of its value YTD. However, the stock is no longer in decline. The worst may have passed for EMKR. Why will be covered next. Who is EMKR EMKR may not be a household name, but as a supplier of optical semiconductors and mixed-signal devices that incorporate analog and digital circuits, its components are used by many well-known companies in a wide range of industries. EMKR's product line can be split into two segments, the broadband segment and the aerospace & defense or A&D segment. In the broadband segment, EMKR supplies, for instance, optical transmitters and other components to companies like Comcast (CMCSA) and Cisco (CSCO) to build high-speed communication networks. Other products include semiconductor chips for hyper-scale datacenters build by companies like Amazon (AMZN) and Google (GOOG, GOOGL). In the A&D segment, EMKR is a provider of inertial navigation systems, inertial measurement units and other sensors for stabilization that are utilized in a range of products, including intercontinental and other long-range ballistic missiles, precision guided munitions and unmanned aerial vehicles or UAVs produced by companies like Raytheon (RTX) and Lockheed Martin (LMT). Why the worst may have passed for EMKR The stock has lost 55% of its value YTD. That is bad, but most of the losses came in the first two months of the year as shown in the chart below. The stock was already heading down prior to this, but things got a lot worse in February when the stock fell off a cliff after EMKR identified an inventory problem at one of its customers. This excess inventory is expected to have a negative impact on the quarterly numbers for some time. A previous article goes deeper into this issue. Source: finviz.com However, the decline has come to a virtual standstill, with the stock staying above the $3 price level for the last several months. Note how in the chart above there is a declining trendline that goes all the way back to last year. EMKR is on the verge of breaking through this trendline by virtue of going sideways. All the stock has to do is to keep doing what it has been doing for the last several months and the trend will be broken. In addition, going sideways brings it closer and closer to overtaking the 50-day moving average, a bullish signal. The stock may be in the process of building a base by going sideways. This would be reminiscent of what happened back in mid-2020, when the stock spent months hovering over the $3 price level, before the stock started to ascend in late 2020 until it peaked in mid-2021. If history repeats itself, the stock may go on another rally once it is done building a base on top of the $3 region. It's possible the stock could still break below the $3 region, but history suggests it won't. Going back further in time shows the stock bottoming in the $3 region on numerous occasions. It happened, for instance, in 2019 after a multi-year decline starting in mid-2017. There are numerous other instances in the 2012-2014 time frame of the stock reversing course after hitting bottom at $3 or so. If history is any indication, the stock may have once again hit bottom now that it has reached the $3 region. The odds definitely favor this outcome. On the other hand, if support fails and the stock falls below the $3 region, then there may be a long way to go before the stock recovers. The one notable exception when the stock did fall below the $3 region occurred in March 2020 after the stock collapsed due to COVID-19. When that happened, EMKR fell all the way to $1.46, which happens to be the low in the last ten years. In other words, the stock could potentially lose another 50% or so if support in the $3 region does not hold. Why long EMKR is worth considering Odds are EMKR has hit bottom in the $3 region, but chart patterns are not the only argument in favor of the bull case. Another one is valuations, although it's not as clear-cut as it used to be. For instance, while EMKR has a market cap of $117M, its enterprise value stands at just $56M thanks to having $80.9M in cash on its balance sheet. It's true EMKR is currently experiencing problems, mostly due to inventory building, but some would argue that $56M is too low a value for a company like EMKR. EMKR has a tangible book value of $139.4M, or approximately $3.72 per share. EMKR has a price-to-book of 0.83, significantly below the 1.0 threshold people keep an eye on. Quite a number of people believe a company is undervalued when its stock trades below its book value, as is the case right now with EMKR. The table below shows the multiples for EMKR. On the other hand, a stock can be valued at less than its book value when there is the perception that the company is heading for financial difficulties. For example, if the company is expected to suffer sustained losses that could eat away at the balance sheet. This could happen even if the balance sheet is in good shape at the moment. Now also how forward multiples are expected to deteriorate compared to the trailing ones. EMKR, for instance, does not have a forward P/E with EMKR expected to finish in the red in FY2022. EMKR trades at 3 times EBITDA on a trailing basis, but this jumps to 24 times EBITDA on a forward basis, which reflects a drastic deterioration in future earnings. EMKR Market cap $116.69M Enterprise value $56.18M Revenue ("ttm") $161.5M EBITDA $17.3M Trailing P/E 6.23 Forward P/E N/A PEG ratio 0.04 P/S 0.71 P/B 0.83 EV/sales 0.35 Trailing EV/EBITDA 3.24 Forward EV/EBITDA 24.46 Source: Seeking Alpha Why earnings are expected to get worse in the near term for EMKR As mentioned earlier, EMKR discovered a problem with inventories at a major customer. As a result, sales and earnings are expected to decline due to the need to clear excess inventories. The most recent earnings report shows the impact on EMKR. Q2 revenue declined by 22.7% QoQ and 15% YoY to $32.7M. Gross and operating margins dropped. EMKR flipped into the red after suffering a net loss of $2.2M or $0.06 per share in terms of GAAP and a net loss of $750,000 or $0.02 in terms of non-GAAP. Adjusted EBITDA barely managed to stay out of the red at plus $270,000. There was also share dilution with the weighted-average number of shares at 37.2M in Q2, up from 34.5M a year ago. The quarterly numbers have certainly gotten a lot worse. The table below shows the numbers for Q2 FY2022. (GAAP) Q2 FY2022 Q1 FY2022 Q2 FY2021 QoQ YoY Revenue $32.650M $42.236M $38.406M (22.70%) (14.99%) Gross margin 28% 37% 38% (900bps) (1000bps) Operating margin (7%) 6% 12% (1300bps) (1900bps) Operating profit (loss) ($2.313M) $2.498M $4.583M Net income (loss) ($2.225M) $2.414M $4.384M EPS ($0.06) $0.06 $0.13 (Non-GAAP) Revenue $32.650M $42.236M $38.406M (22.70%) (14.99%) Gross margin 30% 38% 39% (800bps) (900bps) Operating margin (2%) 13% 15% (1500bps) (1700bps) Operating profit (loss) ($0.738M) $5.320M $5.923M Net income (loss) ($0.750M) $5.309M $5.874M EPS ($0.02) $0.14 $0.17 Source: EMKR Form 8-K Guidance calls for Q3 FY2022 revenue of $25-27M, a decline of 20.4% QoQ and 39.1% YoY at the midpoint. Furthermore, guidance would have been even worse if not for the expected contributions of roughly $3.5M from recent acquisitions. EMKR is projected to post a GAAP loss of $0.24 per share in FY2022, mostly due to a GAAP loss of $0.15 per share in Q3. On the other hand, Q4 is expected to show improvement with a GAAP loss of $0.09 per share. Too much transmitter inventory may be the biggest issue facing EMKR at the moment, but it's not the only one. EMKR is facing headwinds on the supply side as well. From the Q2 earnings call: "Semiconductor availability was a difficult problem in the quarter and costs were up across the board. Microcontrollers and FPGAs were particularly problematic experiencing substantial price increases, other unpredictable logistics challenges that we saw in Q1 remained with us in Q2, causing some surprise pushouts of material that we expected. Those problems are likely to persist going forward, and we don't see a catalyst to drive predictability into the supply chain in the short term. Some components have lead times stretched to over 90 weeks."
Analiz Makalesi • May 06

What Is EMCORE Corporation's (NASDAQ:EMKR) Share Price Doing?

EMCORE Corporation ( NASDAQ:EMKR ), is not the largest company out there, but it received a lot of attention from a...
Seeking Alpha • Apr 20

Emcore Corporation Could Be An Opportunity At This Point

EMKR reported a problem with excess inventory and the news overshadowed all else, triggering a drop in earnings expectations. EMKR acknowledges that fixing the problem will take time, but there are those who feel the problem is a bigger challenge than EMKR thinks it is. The pessimism has led to a drastic reduction in how EMKR is valued, which could be an opportunity for bargain hunters. Long EMKR is not a bet without risks, but it is a bet worth taking with EMKR assumed to have problems that don’t exist right now.
Analiz Makalesi • Feb 17

Bearish: Analysts Just Cut Their EMCORE Corporation (NASDAQ:EMKR) Revenue and EPS estimates

Today is shaping up negative for EMCORE Corporation ( NASDAQ:EMKR ) shareholders, with the analysts delivering a...
Analiz Makalesi • Feb 11

Investors Will Want EMCORE's (NASDAQ:EMKR) Growth In ROCE To Persist

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Seeking Alpha • Jan 24

Why It Is Worth Sticking With Emcore

Many have given up on EMKR with the stock losing 19% in the first three weeks of 2022, wiping out all gains from last year. The flip side of the big decline in the stock is that EMKR is now available at multiples as low as they’ve been in a long time. EMKR is growing and new products could add to growth in 2022, even if the stock has nothing to show for its accomplishments in the last 12 months. The stock has admittedly done badly, but EMKR has too much going for it to stay down all things considered.

Hissedar Getirileri

EMKRUS CommunicationsUS Pazar
7D0.8%-0.2%1.6%
1Y-26.7%101.1%28.5%

Getiri vs. Endüstri: EMKR geçen yıl % 101.1 oranında getiri sağlayan US Communications sektörünün gerisinde kaldı.

Getiri vs Piyasa: EMKR geçen yıl % 28.5 oranında getiri sağlayan US Piyasasının altında performans gösterdi.

Fiyat Oynaklığı

Is EMKR's price volatile compared to industry and market?
EMKR volatility
EMKR Average Weekly Movement1.5%
Communications Industry Average Movement9.3%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

İstikrarlı Hisse Senedi Fiyatı: EMKR son 3 ayda US piyasasına kıyasla önemli bir fiyat oynaklığı yaşamadı.

Zaman İçindeki Volatilite: EMKR 'nin haftalık oynaklığı geçtiğimiz yıl boyunca 18% dan 1% a düştü.

Şirket Hakkında

KurulduÇalışanlarCEOWeb sitesi
1984190Matthew Vargaswww.emcore.com

Emcore Corporation, iştirakleriyle birlikte Amerika Birleşik Devletleri, Kanada, Asya, Avrupa ve uluslararası alanda fiber optik cayro, halka lazer cayro ve kuvars mikro-elektromekanik sistem atalet sensörleri ve sistemleri tasarlamakta ve üretmektedir. Şirketin fiber optik cayro ürünleri, taktikselden navigasyon sınıfı cayrolara, atalet ölçüm ünitelerine (IMU'lar) ve insansız hava sistemleri, saha hattı stabilizasyonu, havacılık ve havacılık uygulamaları için kullanılan atalet navigasyon sistemlerine (INS) kadar uzanmaktadır. Ticari ve askeri uçaklarda, insansız otonom araçlarda, kara araçlarında, hassas güdümlü silahlarda ve endüstriyel ve deniz platformlarında sistem çözümleri, performans yönlendirme, navigasyon, kontrol, işaretleme ve stabilizasyon uygulamaları için jiroskoplar, ivmeölçerler, IMU'lar ve INS ürünleri sunmaktadır.

Emcore Corporation Temel Bilgiler Özeti

Emcore'un kazançları ve gelirleri piyasa değeriyle nasıl karşılaştırılır?
EMKR temel i̇stati̇sti̇kler
Piyasa değeriUS$28.11m
Kazançlar(TTM)-US$27.95m
Gelir(TTM)US$81.08m
0.3x
P/S Oranı
-1.0x
F/K Oranı

EMKR aşırı değerli mi?

Gerçeğe Uygun Değer ve değerleme analizine bakınız

Kazanç ve Gelir

En son kazanç raporundan temel karlılık istatistikleri (TTM)
EMKR gelir tablosu (TTM)
GelirUS$81.08m
Gelir MaliyetiUS$62.08m
Brüt KârUS$19.00m
Diğer GiderlerUS$46.95m
Kazançlar-US$27.95m

Son Raporlanan Kazançlar

Dec 31, 2024

Sonraki Kazanç Tarihi

n/a

Hisse başına kazanç (EPS)-3.08
Brüt Marj23.44%
Net Kâr Marjı-34.47%
Borç/Özkaynak Oranı0.3%

EMKR uzun vadede nasıl bir performans gösterdi?

Geçmiş performansı ve karşılaştırmayı görün

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2025/03/04 02:20
Gün Sonu Hisse Fiyatı2025/02/28 00:00
Kazançlar2024/12/31
Yıllık Kazançlar2024/09/30

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

Emcore Corporation 6 Bu analistlerden 1, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

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Ku KangB. Riley Securities, Inc.
Jonathan DorsheimerCanaccord Genuity
William ChoiJefferies LLC